Real and Monetary Approach to the Handcraft Economy

Fabrice Tricou ()
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Fabrice Tricou: Universidad Paris 10 Nanterre, France, Postal: EconomiX, Université Paris 10 Nanterre, 200. Avenue de la République, 92001 Nanterre Cedex, France

Lecturas de Economía, 2008, issue 68, 175-193

Abstract: The handcraft market represents the social division of work because it is referred to the exchange between separated producers; unlike pure exchange and capitalist economies, the handcraft economy integrates production but gets rid off the technical division of work. This paper displays both real and monetary models of the handcraft market where each consumer-producer generalist, maximizes his utility function. In the first model a .general market economy. arises, which is related to relative equilibrium prices, whereas in the second one, the monetary model, a .particular market economy. arises, which is linked to absolute disequilibrium prices.

Keywords: prices; equilibrium; money; pricing; heterodoxy (search for similar items in EconPapers)
JEL-codes: B30 B50 D46 D50 E23 (search for similar items in EconPapers)
Date: 2008
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